Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Winslow Memorial Hospital d/b/a Little Colorado Medical Center (the Hospital) under programs of the federal government for the year ended September 30, 2025. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Hospital.
Expenditures reported in this schedule consist of the beginning of the year outstanding loan balance for the direct loans and guaranteed bonds. There were no loan advances during the year ended September 30, 2025. The guaranteed bonds are guaranteed by the U.S. Department of Agriculture for up to 90% of the bonds, specifically identified as the Senior Secured Rural America Bonds Series 2011A. The outstanding balances at September 30, 2025 were $8,008,469 and $836,718 for the direct USDA loans and $3,529,800 for the guaranteed Senior Secured Rural America Bonds Series 2011A.